VIKTOR RASHNIKOV • Net Worth $10 billion • House • Yacht • Private Jet • Magnitogorsk

Name:Viktor Rashnikov
Net Worth:$10 billion
Source of Wealth:Magnitogorsk Iron & Steel Works (MMK)
Born:October 13, 1948
Wife:Tatyana Kuzmina
Children:atiana Rakhno and Olga Viktorovna Rashnikova
Residence:Barvikha, Moscow, Russia
Private Jet:Gulfstream G650 (VP-BOT)
YachtOcean Victory

Who is Viktor Rashnikov?

Viktor Rashnikov is a prominent figure in the steel industry, holding the majority shares of Magnitogorsk Iron & Steel Works (MMK), one of the world’s most significant steel producers. Born in October 1948, Rashnikov has built a formidable career, starting from a fitter in the company’s repair shop in 1967 to eventually becoming the Managing Director and Chairman of MMK.
He has steadily accumulated shares over the years, ultimately securing a majority stake of 84.26% in 2020. His shares are held through Mintha Holding Limited. Beyond his business ventures, Rashnikov is known for his ownership of the luxury yacht Ocean Victory.

Key Takeaways

  • Viktor Rashnikov is the majority shareholder of Magnitogorsk Iron & Steel Works (MMK).
  • He has played a crucial role in MMK’s rise as a leading global steel producer.
  • Rashnikov’s net worth is estimated at $10 billion, and he receives significant dividends from MMK.
  • He is an active philanthropist, supporting various causes through the Metallurg Charity Fund.
  • Rashnikov is the proud owner of the luxury yacht Ocean Victory.

The Journey at Magnitogorsk Iron & Steel Works (MMK)

Magnitogorsk Iron & Steel Works (MMK) stands tall as one of the globe’s principal steel producers and a vital player in Russia’s metals industry. MMK prides itself on being the third largest steel producer in Russia and ranks within the top 30 worldwide.
The company boasts a robust workforce exceeding 18,000 employees and reported steel production exceeding 30 million tons, with sales surpassing US$ 7.5 billion in 2019. Notably, Rashnikov’s daughter, Olga Viktorovna Rashnikova, serves on MMK’s board of directors, while his other daughter, Tatiana Rashnikova, holds a directorial position at MMK Trading AG.

Viktor Rashnikov’s Net Worth

Rashnikov’s net worth is a testament to his successful career, with estimates placing it around $10 billion. His financial prosperity is further highlighted by the substantial annual dividends he receives from MMK, often exceeding US$ 100 million.

Philanthropic Endeavors

Rashnikov is not only a business mogul but also an active philanthropist, generously donating over US$ 25 million yearly to various causes through his Metallurg Charity Fund. His philanthropy extends to supporting significant projects such as the construction of the Holy Ascension Cathedral in Magnitogorsk, a notable landmark and the main cathedral of the Magnitogorsk diocese.


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Viktor Rashnikov

Viktor Rashnikov

Yacht Ocean Victory

He is the owner of the Fincantieri yacht Ocean Victory. Before his current yacht, he owned a 76-meter Feadship now named Ebony Shine.

The Ocean Victory yacht was delivered by Fincantieri Yachts in 2014, measuring 140 meters in length with a gross tonnage of 8,505 tons.

The yacht’s design is the work of Espen Oeino, with interiors by the late Alberto Pinto.

Unique features include a helideck, internal helicopter hangar, underwater observation room, and six pools.

The yacht can accommodate 28 guests and has a crew of 56.